CoreWeave financial report saves the village! The stock price skyrocketed by 20%, Huida rebounded by 3% and rose by 5% with only half efforts.

The strong financial report of CoreWeave, a new cloud company known as "Huida's son", eased investors' doubts about artificial intelligence (AI) spending and drove AI trading. Nasdaq, which is dominated by technology stocks, rose 1.3% in early trading on the 11th, and Philadelphia Semiconductor rose more than 5%. CoreWeave soared above 20%, Huida wiped out two days of decline and rebounded by more than 3%, and TSMC ADR rose by more than 3%.

CoreWeave announced third-quarter revenue of US$3.66 billion, an annual increase of 168% and a monthly increase of 42%, higher than market expectations. The full-year forecast revenue was raised to US$13 billion to US$13.3 billion, which was also better than expected. CoreWeave said it expects to achieve adjusted profits and turn a profit in the first half of 2028.

Steve Sosnick, chief market analyst at Interactive Brokers, said, "CoreWeave symbolizes a shift from the view that all AI investments are good investments to a dispassionate examination of the returns on billions of dollars in AI investments. This financial report helps alleviate some of the market concerns."

After Huida CEO Huang Renxun admitted his affair on Sunday, Huida's stock price fell by about 10% in the past two trading days, and its market value evaporated by US$430 billion. It was the second-worst performing stock in the S&P 500 Index, and the price was close to the lowest price since March 30.

"Bloomberg" reported that before the Jen-Hsun Huang affair scandal broke out, Huida's stock price was already under pressure as investors' doubts about the sustainability of AI transactions increased. After the results of the U.S. midterm election impacted the expansion of AI data centers, Huida's stock price has fallen. This week is expected to fall for the sixth consecutive week, the first time since 2012. Since its stock price reached a new high on October 6, Huida's stock price has plummeted 29%, and its market value has dropped to approximately US$4 trillion from US$5.8 trillion one month ago.

After Huida's share price plummeted by more than 25% from October 2, Morgan Stanley (Mogul) removed Huida from its preferred stock list on the 11th, and Morgan Stanley included Huida in its preferred stock list on October 2. The investment bank said Huang's leadership is crucial to Huida's strategic direction.